When a real estate contract is broken, it means one party has failed to meet their obligations under a legally binding agreement. This can include a buyer backing out of a deal after conditions have been waived, a seller refusing to close on the agreed date, a landlord failing to provide a habitable rental unit, or a tenant breaching lease terms by subletting without permission. It may also involve missed deadlines, financing issues, or disputes over what was included in the sale of a property.

Real estate deals often involve large amounts of money and complex legal arrangements, which is why real estate financial disputes can become very complicated. When one part of the transaction does not go as planned, it can quickly turn into a serious issue. A missed mortgage payment, a buyer who cannot secure financing, or a disagreement over a loan agreement can all lead to significant losses and lengthy legal battles.